European Parliament Library

Republic of the Marshall Islands :, 2008 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

The Republic of the Marshall Islands (RMI), scattered across an area of nearly 1 million square miles in the Central Pacific, is heavily dependent on external grants. As in past consultations, the current discussions have focused on policies to put public finances on a secure footing and improve growth prospects. Recent economic performance has been lackluster. Exports have been held back mainly by structural problems. The fiscal position has improved in FY2006, but the overall balance has been slightly negative at about ½ percent of GDP
Table Of Contents
Cover; Contents; Executive Summary; I. Background; II. Recent Economic Developments; Boxes; 1. Vulnerabilities to Climate Change; III. Discussions with the Authorities; A. The Outlook and Exchange Rate Regime; B. Fiscal Consolidation; 2. Fiscal Sustainability after 2023; C. Structural Reform; D. Financial Sector; E. Other Issues; IV. Staff Appraisal; Figures; 1. Economic Developments; 2. Fiscal Indicators; 3. Financial Developments; 4. External Developments; Tables; 1. Basic Data, FY2004-08; 2. Central Government Finances, FY2004-08; 3. Balance of Payments, FY2004-08
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (41 p.)
Specific Material Designation
Form Of Item

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